The manufacturer of the ColorSmart-5000 television set claims 95 percent of its sets last at least five
Question:
a. Find a 99 percent confidence interval for the proportion of all ColorSmart-5000 television sets that have lasted at least five years without needing a single repair.
b. Does this confidence interval provide strong evidence that the percentage of all ColorSmart-5000 television sets that last at least five years without a single repair is less than the 95 percent claimed by the manufacturer? Explain.
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Related Book For
Essentials Of Business Statistics
ISBN: 9780078020537
5th Edition
Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or
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